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Bitcoin Price Drops $200 in Minutes as $10.2K Support Shows Cracks [cointelegraph.com]
Data from Coin360 revealed a rare period of almost level trading for Bitcoin overnight, having spent the weekend trading in a narrow corridor between $10,175 and $10,435.
Press time levels of $10,160 nonetheless showed a lack of support for $10,300, which had characterized the largest cryptocurrency since Sept. 13. Previously, a more volatile week saw highs of $10,900 and lows of $9,950.
Bitcoin’s Record Hash Rate May Hint at Price Gains to Come [coindesk.com]
With the hash rate or miner’s confidence hitting record highs, bitcoin’s three-day narrowing price range looks set to end with a bullish breakout.
A range breakout would open the doors to $10,956 – the bearish lower high created on Aug. 20.
A break below Friday’s low of $10,154 would confirm a range breakdown and could yield a sell-off to $9,855 (Sept. 11 low).
Is Ripple Decentralized or Not? Blockchain Expert Ends the Debate [ccn.com]
Ripple fans adamantly preach that the cryptocurrency runs on a decentralized network.
A quick search of the term “Ripple Decentralized” on Twitter reveals hordes of accounts claiming that “The Standard” is decentralized in nature. Many are even ganging up in an attempt to prove their point.
Ethereum, the second-largest cryptocurrency has stolen bitcoin’s thunder over the past few days by registering more gains than the king coin. ETH soared from recent lows below $170 to as high as $195 over the weekend. The fact that ETH has breached the $185 resistance level shows signs that ETH could be poised for a continued upswing.
Binance CEO Changpeng “CZ” Zhao says Binance’s future trading platform was the target of a failed attack before subsequently revising what transpired.
According to CZ, a smaller futures exchange, ended up losing a bunch of money in a foiled maneuver that crashed the BTC/USD order book. The technical snafu caused Bitcoin to nosedive from $10,324 to $10,024.
EU NEXT ON TRUMP’S TARIFF LIST; WILL PEOPLE TURN TO BITCOIN? [bitcoinist.com]
As if there were not enough economic problems facing countries of the world at the moment without an escalating trade war imposed by the Trump administration. Not content with levying heavy import tariffs on China, the POTUS has set his sights on Europe next, so will bitcoin and same safe-haven assets grow in popularity there too?
Joe Lubin: Only Conceptions of Bitcoin and Ethereum Were ‘Immaculate’ [cryptopost.com]
Ethereum (ETH) co-founder and ConsenSys CEO Joe Lubin has characterized both Bitcoin (BTC) and Ethereum’s conceptions as being “immaculate.”
Lubin made his remark during a panel with Vitalik Buterin and Yoni Assia at the Ethereal Summit Tel Aviv on Sept. 15, according to live reporting from eToro analyst Mati Greenspan on Twitter.
Bitcoin, Ether, and XRP Weekly Market Update September 16, 2019 [btcmanager.com]
The total crypto market cap added $2.5 billion to its value during the last seven days and now stands at $267.5 billion. The top 10 currencies are mostly in green for the same time frame with EOS (EOS) and ether (ETH) being the best performers with 8.6 and 7.1 percent of gains respectively. By the time of writing bitcoin (BTC) is trading at $10,322 while ether skyrocketed to $195. Ripple’s XRP moved up to $0.262.
Fintech Startups Will Eat a Massive $280 Billion Banking Revenues by 2025 [coinspeaker.com]
Fintech startups across the globe are making massive inroads in the global payments industry. As per the Accenture report titled Banking Pulse Survey: Two Ways To Win, non-banking financial startups will eat 15% share in global payments revenue by 2025. As per the estimates and the growth projections, this share translates to a massive $280 billion.
FATF Pressures OKEx to Delist Monero, Zcash, Dash; Litecoin Next? [newsbtc.com]
A guideline issued by the Financial Action Task Force (FATF) is prompting OKEx to delist popular privacy-centering cryptocurrencies.
The Korean wing of the cryptocurrency firm announced on Monday that it is going to stop trading of Monero, Zcash, Dash, Horizen, and Super Bitcoin on its exchange. All the five assets, in one way or another, allows users to hide their financial transactions by introducing additional layers of security.
A Big Week Ahead for Bitcoin While Market Sentiment Shits to Altcoins [bitcoinexchangeguide.com]
- BTC long/short ratio on OKEx goes back to the recent highs
- Ex-bitcoin total market cap reaches the highest level in more than two weeks
Bakkt coming with its physically delivered daily and monthly bitcoin futures.- Bitcoin price didn’t move above $10,460 and below $9,950 since hitting them in the middle of last week. Moving into the weekend, this range has only gone tighter.
SegWit Transactions Reach All-Time High [coindoo.com]
Segregated Witness (SegWit), a protocol that reduces fees and processing times for bitcoin, now accounts for more than 50 percent of all bitcoin transactions.
The optional transaction type was first made available on August 2017, introduced after a soft-fork network update. SegWit enables the Bitcoin blockchain to settle transactions faster compared to its usual processing times.
David Marcus, co-creator of Libra and head of Calibra (a Facebook company), has said that the proposed stablecoin Libra won’t threaten monetary sovereignty of nations as claimed by global regulators recently.
Marcus, in a Twitter thread on Monday, said that Libra is designed to be “a better payment network and system running on top of existing currencies,” and as such “there’s no new money creation, which will strictly remain the province of sovereign Nations.”
BitMEX vs Binance – Hayes and Zhao Locked in a Twitter War Over Claims of Innovation [coingape.com]
Earlier today, Binance CEO, Changpeng Zhao, also known as CZ, announced on Twitter that someone had tried to attack the Binance futures platform. CZ declared the attempt unsuccessful because Binance futures’ liquidation was tied to index price and not futures price. He also claimed that tying liquidation to index price and not futures price was Binance’s innovation. However, the false claim did not go unnoticed and BitMEX CEO, Arthur Hayes trolled CZ in a rather sarcastic tweet.
[Event]
국내 첫 미디어 연합 블록체인 컨퍼런스 ‘KBW 2019’ 열린다 [blockpost]
블록체인 기술과 산업에 전문성을 인정받는 미디어 5사가 공동으로 아시아 최대 규모 블록체인 컨퍼런스 ‘코리아블록체인위크 2019(KBW2019)’를 오는 9월 27일부터 10월 4일까지 개최한다.
국내 최대 블록체인 행사 ‘디파인’ 열린다…디센터 등 5개 미디어 주관 [decenter]
9월30일부터 10월1일 양일간 그랜드 인터컨티넨탈 서울 퍄르나스에서 팩트블록의 ‘코리아블록체인위크(KBW) 2019’ 주간(9월27일~10월4일) 중 메인 행사로 열리는 디파인 컨퍼런스에는 국내외 주요 기업들과 블록체인 프로젝트들이 대거 참여할 예정이다.
[광고]
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